Is the giant whale on the short side? Based on this set of position data, the short position holdings have already reached $5.459 billion, while the long positions are only $4.774 billion—shorts are ahead of longs by nearly $700 million.
What’s even more interesting is the funding rate:
Longs pay about $45.57 million, but shorts actually receive $72.15 million.
So not only are short positions heavier, but the funding fees are also clearly tilting toward shorts.
However, the giant whale isn’t guaranteed to profit either:
The longs are up by $342 million, while the shorts are down by $395 million, for an overall unrealized loss of about $53.21 million.
That’s what makes it interesting—positions are bearish, and funding is also bearish, but shorts are still currently losing money. Next, if prices continue to rise, will the shorts be forced to cut losses and flip long instead, adding another spark to the move?
$BTC $ETH
#美联储加息25基点美股收跌
What’s even more interesting is the funding rate:
Longs pay about $45.57 million, but shorts actually receive $72.15 million.
So not only are short positions heavier, but the funding fees are also clearly tilting toward shorts.
However, the giant whale isn’t guaranteed to profit either:
The longs are up by $342 million, while the shorts are down by $395 million, for an overall unrealized loss of about $53.21 million.
That’s what makes it interesting—positions are bearish, and funding is also bearish, but shorts are still currently losing money. Next, if prices continue to rise, will the shorts be forced to cut losses and flip long instead, adding another spark to the move?
$BTC $ETH
#美联储加息25基点美股收跌